USDA National Daily Direct Hog Prior Day Report 01/27 08:00
01/27/2026 | 8:00 am CST USDA National Daily Direct Hog Prior Day Report 01/27 08:00
LM_HG218
Des Moines, IA Tue, Jan 27, 2026
DAILY DIRECT PRIOR DAY HOG REPORT
Current Volume by Purchase Type
Barrows and Gilts Live and Carcass Basis
Actual Actual Actual
Today Week Ago Year Ago
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Producer Sold
Negotiated 1,377 1,094 2,906
Other Market Formula 97,943 22,717 22,442
Swine/Pork Market Formula 108,709 126,006 121,330
Other Purchase Arrangement 55,539 65,986 53,163
Negotiated Formula 363 165 495
Pack. Sold (all purchase types) 30,844 25,116 38,175
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Other Swine
Market or Pork Other
Formula Market Purchase Negotiated Totals/
Negotiated (FUT/OPT)** Formula Arrgment Formula Wtd Avg
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Barrows & Gilts (carcass basis):
Producer Sold
Head Count 890 94,822 104,829 51,952 253 252,746
Base Price 83.25 84.40 84.08 85.14 84.42
Packer Sold
Head Count 30,844
Base Price 84.57
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Volume and Price Range For Barrows and Gilts
Purchased Swine (Including Packer Sold)
National Iowa/ Western Eastern
Minnesota Cornbelt Cornbelt
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Negotiated (carcass basis)
Head Count 890
Lowest Base Price 79.00
Highest Base Price 86.00
Weighted Average Price 83.25
Negotiated Formula (carcass basis)
Head Count 253
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (carcass basis)
Head Count 1,143
Lowest Base Price
Highest Base Price
Weighted Average Price
Other Market Formula (carcass basis)
Head Count 98,092 9,151 15,376 82,716
Lowest Base Price 71.24
Highest Base Price 90.05
Weighted Average Price 84.53
Swine/Pork Market Formula (carcass basis)
Head Count 128,908 76,768 93,322 31,341
Lowest Base Price 77.62 77.62 77.62 78.62
Highest Base Price 89.48 89.48 89.48 88.09
Weighted Average Price 84.06 84.07 83.96 84.34
Other Purchase Arrangement (carcass basis)
Head Count 55,607 44,507 46,639 8,968
Lowest Base Price 71.48 75.35 75.35 71.48
Highest Base Price 94.62 94.62 94.62 88.89
Weighted Average Price 85.17 85.29 85.37 84.10
Negotiated (live basis)
Head Count 331
Lowest Base Price
Highest Base Price
Weighted Average Price
Negotiated Formula (live basis)
Head Count
Lowest Base Price
Highest Base Price
Weighted Average Price
Combined Negotiated/Negotiated Formula (live basis)
Head Count 331
Lowest Base Price
Highest Base Price
Weighted Average Price
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NATIONAL DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX
REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
based on Weight(215 lb Carcass),Backfat(0.5 - 0.8 inches)and Loin Depth(2.0 -
2.7 inches)
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CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -14.62 175# -4.00 1.00 205# .00 4.00
155# -30.00 -11.82 185# .00 1.50 215# .00 4.00
165# -25.00 -3.37 195# .00 3.00 225# -1.33 2.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog210.88 lb carcass .75 inch back-fat
8.06 square inch loin 2.68 inch loin depth FFLI: 51.94
Price Range $83.00 - $90.00
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
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Canada 3,156 Iowa 86,037
Illinois 97,842 Indiana 11,399
Kansas 1,312 Michigan 6,191
Minnesota 45,965 Missouri 2,907
Montana 655 North Carolina 7,492
Nebraska 16,224 Ohio 6,244
Oklahoma 1,903 South Dakota 7,608
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[0600059D]